Investment Property for Sale at 3316 W 97th Street in Cleveland, OH for $199,900

Open House Sunday, March 22, 2026 1:00 pm – 3:00 pm

Listing data updated March 21, 2026 - 1:05pm
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3316 W 97th Street | Cleveland

$199,900 | 5 Beds | 2 Baths (2 Full) | 3,058 Sq. Ft.

Welcome to the Cleveland investment market! This fully occupied, turnkey duplex presents an outstanding opportunity for both seasoned and first-time investors looking to generate immediate cash flow. Currently producing $2,050 per month in rental income, this property offers strong returns with an estimated cap rate of approximately 10%\u002B (based on market operating assumptions), making it a valuable addition to any investment portfolio. Each unit has been well maintained and features spacious layouts, including an oversized 2-bedroom, 1-bath lower unit and an oversized 3-bedroom, 1-bath upper unit. The property showcases beautiful original woodwork in pristine condition, a rare find that adds character and long-term tenant appeal. Major capital improvements provide peace of mind for the next owner, including a full roof and sheathing replacement completed in 2025 and a rear porch roof replacement in 2024, helping minimize near-term maintenance expenses. This is truly a set-it-and-collect-rent opportunity in one of the Midwest\u2019s strongest cash-flow markets. Don\u2019t miss your chance to secure a performing asset \u2014 schedule your private showing today and see how YOU can start or expand your real estate investing journey! MLSNow 5189396

Directions to property: Turn south from Denison onto W 97th St; turn north from Almira onto W97th St

MLS Listing ID: 
MLSNow 5189396
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$199,900
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Property Sub Type: 
Duplex
Primary Market Area: 
Cleveland
Address: 
3316 W 97th Street, Cleveland, OH 44102
County: 
Cuyahoga
Latitude: 
41.4637700
Longitude: 
-81.7501970
Directions: 
Turn south from Denison onto W 97th St; turn north from Almira onto W97th St
Public Remarks: 
Welcome to the Cleveland investment market! This fully occupied, turnkey duplex presents an outstanding opportunity for both seasoned and first-time investors looking to generate immediate cash flow. Currently producing $2,050 per month in rental income, this property offers strong returns with an estimated cap rate of approximately 10%\u002B (based on market operating assumptions), making it a valuable addition to any investment portfolio. Each unit has been well maintained and features spacious layouts, including an oversized 2-bedroom, 1-bath lower unit and an oversized 3-bedroom, 1-bath upper unit. The property showcases beautiful original woodwork in pristine condition, a rare find that adds character and long-term tenant appeal. Major capital improvements provide peace of mind for the next owner, including a full roof and sheathing replacement completed in 2025 and a rear porch roof replacement in 2024, helping minimize near-term maintenance expenses. This is truly a set-it-and-collect-rent opportunity in one of the Midwest\u2019s strongest cash-flow markets. Don\u2019t miss your chance to secure a performing asset \u2014 schedule your private showing today and see how YOU can start or expand your real estate investing journey!
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
H C Fords
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1915
Living Area: 
3,058
Basement: 
Common Basement,Unfinished
Construction
Construction Materials: 
Aluminum Siding
Foundation Details: 
Block
Roof: 
Asphalt
Room Details
Details about the rooms in the building.
Total Rooms: 
10
Total Bedrooms: 
5
Total Bathrooms: 
2
Total Full-Bathrooms: 
2
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Area): 
0.11
Lot Features
Parking Type: 
Driveway,Off Street
Additional Details
Appliances: 
Range,Refrigerator
Public Record
Parcel Number: 
017-24-077
Annual Tax: 
$2,927.00
Contract Details
Details about the listing contract.
Possession: 
Other
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Megan Gordon
Listing Office Name: 
Keller Williams Citywide

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